can i get help please

Question

how much must be deposited into the following account in order to have 75,000 in 8 years for a down payment on a house? assume no additional deposits are made. An account with annunal compounding and apr of 4 percent

Answer 1

See similar problem at 

 

https://www.wyzant.com/resources/answers/369585/can_u_help_me_please

 

The way to solve the problem is the same, just different numbers to plug in.